Making finance more rewarding

Helping borrowers and investors achieve more (for less) with peer-to-peer lending.

How can we help you achieve more?


Achieve more with Australia’s most-loved personal loan.

With 2,259 five star reviews across ProductReview, Google and TrustPilot, we’re the home of happy personal loans.

  • Enjoy low personalised rates that reward your good credit history with comparison rates from just 9.3% p.a.*
  • Winner of Canstar’s Outstanding Value Award for four years running (2015, 2016, 2017 and 2018).
  • Flexible terms from 6 months to 5 years for loans between $2,001 and $45,000 with no monthly or early repayment fees.
award winning peer-to-peer lending
award winning personal loans


Start investing with as little as $10 and earn up to 7.9% p.a.

Investors seeking alternatives to low cash returns and volatile equities have funded over $500 million in loans.

  • Earn up to 7.9% per annum investing in the stable, estbalished asset class of consumer loans.
  • You’re in control of your investment. Choose a term that suits you and set your own rate in one of our four lending markets.
  • Provision Fund protection helps protect your returns against late borrower payment or default. Whilst no guarantee, no investor has lost a cent of interest or principal as due.
^Rates shown are market rates, displayed on an annualised basis and net of applicable fees as at 12:30pm on 14 June 2019. Fees apply for using early access feature.
newsworthy personal loans
personal loans worth talking about

About RateSetter

We think Australian investors should get more and borrowers should pay less. Through our peer-to-peer lending platform we’re able to connect those who have money to invest with those who want to borrow it, providing better value for everyone. RateSetter launched as Australia’s first true peer-to-peer lender in 2014. We are licensed to provide services to all Australians, not just wholesale and sophisticated investors. So far we have funded over $500m in loans to over 35,000 people and attracted over 15,000 registered retail investors.

*Comparison rates for 1, 2 and 3 year loans are based on an unsecured personal loan of $10,000 over a 36 month term. Comparison rates for 4 and 5 year loans are based on an unsecured personal loan of $30,000 over a 60 month term. Comparison rates shown assume a customer with an excellent credit history. Rates current as at 10:00 am, 30 May 2019. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan

Representative example: Based on $10,000 loan with a 36 month term for a borrower with a excellent credit history at a comparison rate of 9.27% p.a. the estimated total amount payable including all applicable fees is $11,494.96 (interest payable is $1,045.10). RateSetter loan repayment terms range from a minimum of 6 months to a maximum of 5 years. Interest rates range from 6.56% p.a. (comparison rate 8.22% p.a.) to 16.33% p.a. (comparison rate 17.25% p.a.). Rates are subject to change depending on the rates offered by lenders in our Lending Markets. Rates stated as at 10:00am, 30 May 2019 and are subject to change. RateSetter credit criteria and terms and conditions apply.

”Earn up to” rate represents the last matched rate in the 5 Year Income lending market as at 12.30 pm on 14th June 2019. Rates are not set by RateSetter and are subject to supply and demand of borrower and investor funds in each market.

^Lender rates may assume payments received are continually reinvested at the stated rate and assume your investment is protected by the Provision Fund in the event of any borrower late payment or default, however, there is no guarantee nor warranty as to any protection from the Provision Fund. See the Product Disclosure Statement for details.